Tag: Binance

Binance Tried to Hire Gary Gensler as an Adviser Back in 2018

Recent reports also suggest that the operations of Binance.com and Binance.US are intertwined. This would mean that regulators might exert greater scrutiny in this case. On Sunday, March 5, Wall Street Journal published a report sharing some exclusive details regarding Binance‘s operations and its involvement with regulators. In its report, WSJ mentions that crypto giant Binance wanted to hire Gary Gensler as an adviser, years before he became the chief of the US Securities and Exchange Commission (SEC). The publication reported that Binance was making active efforts to bring Gary…

Binance Partners with Local Authorities for Anti-Scam Campaign

Binance Exchange, the world’s largest digital currency marketplace by trading platform has announced the launch of its Joint Anti-Scam Campaign. Tagged as the next innovation in its bid to protect its customers, the trading firm said the initiative is starting in Hong Kong, a region known for its acceptance of crypto innovations. In its announcement, Binance highlights how crypto scams have evolved over the years. The exchange noted that while its systems are largely impenetrable based on its advanced security, users are more prone to losing their hard-earned assets owing to…

Binance recommends P2P as Ukraine suspends fiat deposits on exchanges

Cryptocurrency exchange Binance is recommending the use of peer-to-peer (P2P) services following restrictions imposed by the National Bank of Ukraine (NBU). Ukraine temporarily suspended hryvnia, its national currency, via banking cards for fiat deposits and withdrawals on crypto exchanges. Binance recommends using P2P services Binance and the leading Ukrainian exchange, Kuna, announced temporary suspensions of operations with bank cards in Ukrainian hryvnia. Both platforms reported problems with such transactions. Binance advised traders to use its P2P marketplace instead in a notice on Telegram on March 2. “Currently, fiat channels, namely input and withdrawal…

Binance tried to hire Gary Gensler in 2018 for closer ties with U.S. regulators: Report

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Crypto exchange Binance sought to hire Gary Gensler as an advisor before he became chairman of the United States Securities and Exchange Commission (SEC), according to a Wall Street Journal report based on messages and documents from 2018 and 2020, as well as interviews with former employees.  Gensler was approached by the crypto firm while teaching at the Massachusetts Institute of Technology (MIT) in 2018 and 2019. During that tim, he was a former Commodity Futures Trading Commission chair as well. Messages from Binance’s executives seen by the newspaper indicate…

Bybit follows Binance, suspends USD SWIFT and wire transfers

Bybit has just joined the growing list of exchanges suspending USD transfers. Bybit to no longer support USD deposits Bybit recently announced that USD deposits through Wire Transfer (for US banks) and SWIFT would no longer be available, saying they had “service outages from a partner.”   The new changes will take effect as of Mar. 10, 2023. However, users can still make deposits through a credit card or Advcash Wallet for USD. The exchange noted that the Advcash option would be available soon. While Bybit assured its customers that their…

Silvergate concerns, Binance pursues growth amid FUD, Shanghai delayed

Over the past week, the crypto scene was proliferated with apprehensions as investors raised concerns regarding Silvergate’s financial stability amid signs of impending collapse. Similarly, Binance saw its fair share of FUD but remained focused on growth-oriented strategies. Meanwhile, ethereum investors received news of a delay to the much-anticipated Shanghai upgrade, further compounding investor angst. Silvergate’s woes The crypto-focused bank Silvergate took the spotlight last week as concerns surrounding its financial stability intensified. On Mar. 1, the California-based bank revealed in a filing that it would have to delay its 10-K filing…

Voyager Digital dumps 1,449 ETH as the SEC opposes the $1b Binance US takeover deal

On Mar. 4, Voyager Digital, the bankrupt crypto broker, sold 1,449 ethereum (ETH) via Wintermute, a crypto market maker and a proprietary trading platform, and received 2.25m USDC, a stablecoin. Voyager Digital is selling tokens Per onchain data on Mar. 4, Voyager Digital remains one of the largest crypto whales. The broker holds 148,774 ETH worth over $233.5m, 5.17t SHIB, worth $57.78m, 1.44m LINK estimated at $10m, and other tokens and coins, including avalanche (AVAX) and STMX. The liquidation comes when ETH prices are under pressure, sliding from recent highs…

Binance recommends P2P as Ukraine suspends hryvnia use on crypto exchanges

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Ukraine temporarily suspended the use of its national currency, the hryvnia, via banking cards for fiat deposits and withdrawals on crypto exchanges. While the move immediately impacted how investors move funds to and from exchanges, Binance reminded users about how peer-to-peer (P2P) services come in handy when trading cryptocurrencies. Following the temporary suspension from Ukraine’s central bank, crypto exchanges like Binance and Kuna made official announcements informing investors about the inconvenience. Michael Chobanian, the founder of local crypto exchange Kuna, acknowledged the service disruption. However, he said he would explain…

BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea

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Crypto exchange Binance has been accused of “blatantly” copying the winner of the BNB Chain hackathon after launching Bicasso — an AI-based nonfungible token (NFT) creation tool. Binance allegedly ripped off a tool created by Chatcasso just two months after awarding them first prize in a BNB Chain hackathon held in Seoul between Dec. 17 to 19, 2022. On March 1, Binance CEO Changpeng ‘CZ’ Zhao announced the launch of Bicasso, an artificial intelligence (AI) product that can be used to “turn your creative visions into NFTs with AI.” However,…

Crypto Exchanges Binance and Kuna Suspend Card Transactions in Ukrainian Hryvnia – Exchanges Bitcoin News

Major cryptocurrency exchanges operating in Ukraine have temporarily suspended operations with hryvnia bank cards. The measure stems from restrictions imposed by the country’s central bank, Binance and Kuna indicated in comments for crypto media. Ukrainians Unable to Trade Crypto Assets Using Cards in National Currency The world’s largest crypto exchange, Binance, and a leading Ukrainian exchange, Kuna, have announced temporary suspensions of operations with bank cards in Ukrainian hryvnia. Both trading platforms confirmed about the problems with such transactions. The limited processing of deposits and withdrawals in the national currency…